Domino's Pizza (DPZ)
Domino's Pizza announced Monday's U.S. pre-market earnings report showing global retail sales grew 4.9% (excluding currency) in the fourth quarter and 5.4% in fiscal 2023. Shares rose about 3.1% in trading.
The takeaway retailer had quarterly sales of $1.4 billion (£1.1 billion), up 0.8% year-on-year, but slightly below Wall Street analysts' expectations of $1.42 billion.
At its investor day in December, the company laid out ambitious growth plans to increase the number of restaurants it operates by 1,100 by the end of 2028 and increase retail sales by 7% annually.
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The stock price is up about 47% compared to the same period a year ago.
Berkshire Hathaway (BRK-B)
Berkshire Hathaway, Warren Buffett's fund, rose about 4.5% in premarket trading on Monday after reporting full-year 2023 results.
Sales increased 21% from the previous year to $364.5 billion. Net income also came to $364.5 billion in 2022, rescuing the fund from a $2.8 billion loss. The profit margin in 2023 was 26%, up from the net loss in 2022.
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In a letter to investors, Buffett said in August 2020 that he had made an $8 billion profit from his bets on Japanese stocks by acquiring approximately 5% stakes in five Japanese trading companies. was also revealed.
Britain's competition watchdog on Monday launched an investigation into a British housebuilder over concerns it was sharing commercially sensitive information to influence the price of new homes. did.
The Competition and Markets Authority (CMA) is investigating Barratt, Bellway (BWY.L), Berkeley (BKG.L), Bloor Homes, Persimmon (PSN.L) and Redrow (RDW.L) Taylor under the Competition Act 1998. announced. Wimpy (TW.L) and Vistry (VTY.L) have identified evidence that some home builders may be sharing information that could reduce competition in the housing market.
read more: Watchdog investigates home builders over new home prices
The company says it has “investigated evidence that some homebuilders are sharing commercially sensitive information with competitors, which may be influencing site construction and the price of new homes.” I found it inside.”
Barratt shares, along with its peers, fell 1.7% on the news.
Ryanair on Friday announced a potential 10% price increase amid looming capacity issues for its aircraft.
The airline is expected to receive fewer Boeing (BA) planes than originally expected by June, potentially causing problems during its busiest season.
CEO Michael O'Leary expressed uncertainty about the number of aircraft delivered, saying Boeing previously said it would deliver 50 planes by the end of June but now expects to deliver 57 planes by the end of April. He added that he had done so.
“We don't actually know how many aircraft we're going to get from Boeing,” O'Leary said at a media briefing.
Shares soared about 1.2% in early trading on Monday, before settling up about 0.3%.
Video: Ryanair may reduce summer flights due to Boeing delays
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